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Global Fund with limited exposure to the "Magnificent 7" US tech stocks
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Johan De Silva
Posted: 03 January 2024 13:54:03(UTC)
#16

Joined: 22/07/2019(UTC)
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EDIT: Not sure if the OP is after an Open-Ended Investment Company (OEIC) and not Investment Trusts (IT)....

VHYL stands out as the best low-cost partnership imho.

Some exposure to WSML could be an additional satellite though the smaller sector was much better value in Novemeber so perhaps one for next year.

Also would agree that some high-cost options are likely to do better due to discount narrowing such as AGT, RCP and HVPE. In particular, RCP's currency hedging could pay off nicely 2024 and that's my pick for the winning fund this year.
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Helen L on 04/01/2024(UTC), dlp6666 on 08/01/2024(UTC)
guantou
Posted: 03 January 2024 16:12:05(UTC)
#10

Joined: 05/09/2009(UTC)
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icstm;291688 wrote:
guantou;291625 wrote:
My choice would be AGT
Zero exposure to the "Magnificent 7"
9% discount
1.6% yield
11.6 PE
What's not to like

In the age of low costs, should I not be put off by their 0.9% fees?


Perhaps worth paying when comparing the performance with the likes of Fundsmith, which it has soundly beaten over all time periods from 3 Months to 5 Years.
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1 user thanked guantou for this post.
icstm on 03/01/2024(UTC)
Thrugelmir
Posted: 03 January 2024 16:26:44(UTC)
#11

Joined: 01/06/2012(UTC)
Posts: 5,317
guantou;291700 wrote:
icstm;291688 wrote:
guantou;291625 wrote:
My choice would be AGT
Zero exposure to the "Magnificent 7"
9% discount
1.6% yield
11.6 PE
What's not to like

In the age of low costs, should I not be put off by their 0.9% fees?


Perhaps worth paying when comparing the performance with the likes of Fundsmith, which it has soundly beaten over all time periods from 3 Months to 5 Years.


How much better was the Total Return over 5 years?
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guantou
Posted: 03 January 2024 16:38:12(UTC)
#12

Joined: 05/09/2009(UTC)
Posts: 1,039

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Thrugelmir;291706 wrote:
guantou;291700 wrote:
icstm;291688 wrote:
guantou;291625 wrote:
My choice would be AGT
Zero exposure to the "Magnificent 7"
9% discount
1.6% yield
11.6 PE
What's not to like

In the age of low costs, should I not be put off by their 0.9% fees?


Perhaps worth paying when comparing the performance with the likes of Fundsmith, which it has soundly beaten over all time periods from 3 Months to 5 Years.


How much better was the Total Return over 5 years?


More than the difference in management fees
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Thrugelmir
Posted: 03 January 2024 17:26:26(UTC)
#13

Joined: 01/06/2012(UTC)
Posts: 5,317
guantou;291708 wrote:
Thrugelmir;291706 wrote:
guantou;291700 wrote:
icstm;291688 wrote:
guantou;291625 wrote:
My choice would be AGT
Zero exposure to the "Magnificent 7"
9% discount
1.6% yield
11.6 PE
What's not to like

In the age of low costs, should I not be put off by their 0.9% fees?


Perhaps worth paying when comparing the performance with the likes of Fundsmith, which it has soundly beaten over all time periods from 3 Months to 5 Years.


How much better was the Total Return over 5 years?


More than the difference in management fees


Doesn't sound that great. Given the difference in risk exposure.
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Busy doing nothing
Posted: 03 January 2024 17:34:56(UTC)
#19

Joined: 01/03/2021(UTC)
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What about Vanguards FTSE All-World High Dividend Yield UCITS ETF (VHYG) no "magnificent 7" as such but still about 45% USA.
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mcinnes on 06/01/2024(UTC)
icstm
Posted: 03 January 2024 17:48:28(UTC)
#17

Joined: 16/03/2021(UTC)
Posts: 14

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Johan De Silva;291689 wrote:
EDIT: Not sure if the OP is after an Open-Ended Investment Company (OEIC) and not Investment Trusts (IT)....

VHYL stands out as the best low-cost partnership imho.

Some exposure to WSML could be an additional satellite though the smaller sector was much better value in Novemeber so perhaps one for next year.

Also would agree that some high-cost options are likely to do better due to discount narrowing such as AGT, RCP and HVPE. In particular, RCP's currency hedging could pay off nicely 2024 and that's my pick for the winning fund this year.


In response to this post and the one directly above my reply here (from busy doing nothing). Somone earlier wrote

"Vanguard Global Equity Income" as it has better returns than the FTSE All-World High Dividend Yield UCITS ETF
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1 user thanked icstm for this post.
Steve L. on 03/01/2024(UTC)
guantou
Posted: 03 January 2024 18:42:22(UTC)
#14

Joined: 05/09/2009(UTC)
Posts: 1,039

Thanks: 1511 times
Was thanked: 2415 time(s) in 787 post(s)
Thrugelmir;291714 wrote:
guantou;291708 wrote:
Thrugelmir;291706 wrote:
guantou;291700 wrote:
icstm;291688 wrote:
guantou;291625 wrote:
My choice would be AGT
Zero exposure to the "Magnificent 7"
9% discount
1.6% yield
11.6 PE
What's not to like

In the age of low costs, should I not be put off by their 0.9% fees?


Perhaps worth paying when comparing the performance with the likes of Fundsmith, which it has soundly beaten over all time periods from 3 Months to 5 Years.


How much better was the Total Return over 5 years?


More than the difference in management fees


Doesn't sound that great. Given the difference in risk exposure.


8.8% over 5 years.
13.5% over 3 Years.
6.4% over 1 Year
13.7% over 6 Months
5.4% over 3 Months
3.5% over 1 Month
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Peanuts
Posted: 03 January 2024 19:39:35(UTC)
#18

Joined: 16/02/2019(UTC)
Posts: 1,476
icstm;291717 wrote:
Johan De Silva;291689 wrote:
EDIT: Not sure if the OP is after an Open-Ended Investment Company (OEIC) and not Investment Trusts (IT)....

VHYL stands out as the best low-cost partnership imho.

Some exposure to WSML could be an additional satellite though the smaller sector was much better value in Novemeber so perhaps one for next year.

Also would agree that some high-cost options are likely to do better due to discount narrowing such as AGT, RCP and HVPE. In particular, RCP's currency hedging could pay off nicely 2024 and that's my pick for the winning fund this year.


In response to this post and the one directly above my reply here (from busy doing nothing). Somone earlier wrote

"Vanguard Global Equity Income" as it has better returns than the FTSE All-World High Dividend Yield UCITS ETF



Is that the active fund with 130 stocks?
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Jesse M
Posted: 03 January 2024 20:27:05(UTC)
#20

Joined: 30/12/2020(UTC)
Posts: 1,471

Thanks: 10262 times
Was thanked: 3794 time(s) in 1126 post(s)
I recently opened a position in Dodge & Cox Worldwide Global Stock which has a value tilt, only Alphabet in the top ten, underweight tech (9%), underweight US (51%).
Ocf 0.63% transaction costs 0.05%

To complement my otherwise growthy portfolio.

https://www.morningstar....id=F00000JNOS&tab=3

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4 users thanked Jesse M for this post.
Steve L. on 03/01/2024(UTC), Mr Spock on 03/01/2024(UTC), Helen L on 04/01/2024(UTC), Dexi on 04/01/2024(UTC)
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